RES E A RC H & A N A LYS I S
EGYPT:
A PATH TOWARDS A WINNING
INVESTMENT STRATEGY
BY AMINA HUSSEIN, REHAM GAMAL, AND TASNEEM MADI
E
gypt is one of the best destinations for investments, especially in the petroleum sector. This is mainly due to the proactive measures tak Central Bank of Egypt (CBE) and government entities’ several initiatives in various sectors. Additionally, the adopted investment law and business-friendly regulations play a vital role in creating a perfect host for investments. Egypt was also one of the 10 largest manufactur 2019, where the manufacturing sector, including refining, contributed $108 million.
Egypt’s diversified economy, strategic geographical position, low labor costs, I. INVESTMENT ENVIRONMENT skilled workforce, substantial energy reserves, and large pool for domestic demand EGYPT'S assisted in rising Foreign Direct Investments (FDIs). According to theA. United NationsRANKING IN INTERNATIONAL INDICES Conference on Trade and Development’s (UNCTAD) World Investment Report Within the last two years, Egypt’s position advanced in various internation 2020, Egypt was ranked the largest recipient for FDIs in Africa in 2019 with inflows especially in Government Artificial Intelligence (AI) Readiness Index, and the of $9 billion increasing by 11 % compared to 2018. It is worth noting that FDIs in Performance Index. Egypt are mainly driven by the petroleum sector, where the sector represents about three-quarters of total investments. Petroleum Investments increased after th the Government AI Readiness Index, Egypt progressed rank among to 7 Arab the discoveries in the Western Desert, in addition to the discovery ofInZohr in the th countries. Egypt acquired rank the 8 in the MENA region in the AI Readiness Inde Mediterranean Sea. th Egypt also improved to the rank 56 out of 172 countries in the latest mentione th rank. In the Logistics Performance Index, Egypt among was the160 67 countries. 16 EGYPT OIL & GAS NEWSPAPER